2006-12-10 03:40:56 · 3 answers · asked by jones0220050001 3 in Business & Finance ➔ Small Business
When I started working at home I had checks come to me personally and so I could just deposit them into any account with my name on it. I was told that I had to Incorporate to be able to get a bank account with a business name on it, but I know that my brother in law used to have a business dba (doing business as) account. With this model he received checks made out to His Name dba His Business.
My best advice to you is to talk to your local bank and see what they require. We did incorporate and then were later told it was not necessary - but we were glad we did. When you incorporate your business becomes it's own entity and that protects you somewhat from liablity that your business can incur (is how it was explained to me). A good accountant can tell you if incorporation is a good idea for you.
Peace!
2006-12-10 03:46:20 · answer #1 · answered by carole 7 · 0⤊ 0⤋
If you actually have a buisness name, to open up an account at a bank in the buisness name, you will need a county buisness liscense. Even if it is a DBA.
If it is a corporation, you will need articles of incorporation papers for the state you are located in. You will also need a Tax ID #.
2006-12-10 13:35:25 · answer #2 · answered by MES 2 · 0⤊ 0⤋
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2006-12-10 05:54:04 · answer #3 · answered by mclechalle 1 · 0⤊ 0⤋